UBank makes a splash with sizzling new home loan

UBank has made a name for itself as one of Australia's best value online lenders, and this seriously low variable rate is case in point. As you'd expect from a multiple Mozo Experts Choice 2021 Award Winner, the UHomeLoan is packed full of other benefits including zero fees and the flexibility for borrowers to make free extra repayments towards the loan and redraw those repayments down the track (if they need to). It's available for loans of $200,000 plus with a minimum deposit or 20% or more.

3 year fixed home loan rates don’t get any lower than this stellar offer from UBank. Owner-occupier borrowers will be able to grab this rate on loans between $100,000 and $2,000,000 and have the upfront $395 rate lock fee waived, for a limited time. What's more, there are no other upfront or ongoing fees to worry about and UBank even lets customers make extra repayments towards the loan of up to $20k during the fixed term, for free!

The UHomeLoan - Investor Extra Offer from UBank could be the perfect low cost match for prospective property investors, with variable interest rates now starting from just 2.55% (2.55% comparison rate*) for principal and interest borrowers, and 2.60% (2.65% p.a. comparison rate*) for borrowers wanting to make interest-only repayments. There are no application, service or any other fees, but you’ll need a minimum 20% deposit on a loan of at least $100,000 to qualify for the offer.